SHA:600576 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,213	1,159	858.78	706.54	456.24	433.27
Other Revenue	8.12	13.28	11.61	15.72	7.32	7.25
Revenue	1,221	1,173	870.38	722.26	463.56	440.52
Revenue Growth	21.26%	34.71%	20.51%	55.81%	5.23%	89.69%
Cost of Revenue	599.16	556.62	447.88	347.65	264.35	227.17
Gross Profit	622.29	615.9	422.5	374.61	199.21	213.35
Selling, General & Admin	300.9	268.17	177.66	141.92	112.25	88.78
Research & Development	20.54	21.28	14.58	16.64	8.64	4.24
Other Operating Expenses	8.36	8.66	8.3	5.52	3.83	-2.53
Operating Expenses	336.68	307.85	202.44	190.15	170.7	98.22
Operating Income	285.61	308.05	220.07	184.46	28.51	115.12
Interest Expense	-33.06	-60.06	-30.22	-22.61	-26.25	-32.98
Interest & Investment Income	4.12	13.81	7.59	18.37	20.82	39.42
Currency Exchange Gain (Loss)	-0	0.04	-0.04	0.29	0.74	-0.23
Other Non Operating Income (Expenses)	-80.13	-44.66	0.06	-0.13	-0.25	-11.94
EBT Excluding Unusual Items	176.53	217.17	197.46	180.39	23.56	109.4
Impairment of Goodwill	-21.96	-25.42	-6.76	-5.46	-15.46	-36.35
Gain (Loss) on Sale of Investments	-1.23	0.01	-0.21	0.54	0.27	0.12
Gain (Loss) on Sale of Assets	1.49	0.91	-0.43	0.68	0.25	-0.04
Asset Writedown	-4.65	-1.53	-0.52	-0.64	-	-1.5
Legal Settlements	-	-	-	-	-	-17.19
Other Unusual Items	2.42	8.27	4.49	11.1	11.39	2.75
Pretax Income	152.6	199.42	194.04	186.61	20.01	57.17
Income Tax Expense	54.17	55	35.7	29.49	9.61	22.19
Earnings From Continuing Operations	98.43	144.42	158.34	157.12	10.4	34.98
Minority Interest in Earnings	-27.73	-30.89	-12.82	-5.82	9.25	-1.16
Net Income	70.7	113.53	145.52	151.3	19.64	33.82
Net Income to Common	70.7	113.53	145.52	151.3	19.64	33.82
Net Income Growth	-59.69%	-21.98%	-3.82%	670.19%	-41.91%	78.46%
Shares Outstanding (Basic)	1,123	1,032	1,039	1,081	982	1,127
Shares Outstanding (Diluted)	1,123	1,032	1,039	1,081	982	1,127
Shares Change	8.65%	-0.71%	-3.82%	10.03%	-12.87%	78.46%
EPS (Basic)	0.06	0.11	0.14	0.14	0.02	0.03
EPS (Diluted)	0.06	0.11	0.14	0.14	0.02	0.03
EPS Growth	-62.90%	-21.43%	0%	600.00%	-33.33%	0%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	29.88	134.72	-198.74	194.38	-55.35	904.94
Free Cash Flow Per Share	0.03	0.13	-0.19	0.18	-0.06	0.80
Gross Margin	50.95%	52.53%	48.54%	51.87%	42.97%	48.43%
Operating Margin	23.38%	26.27%	25.28%	25.54%	6.15%	26.13%
Profit Margin	5.79%	9.68%	16.72%	20.95%	4.24%	7.68%
Free Cash Flow Margin	2.45%	11.49%	-22.83%	26.91%	-11.94%	205.43%
EBITDA	436.97	443.62	334.65	266.26	88.82	166.1
EBITDA Margin	35.77%	37.84%	38.45%	36.86%	19.16%	37.71%
D&A For EBITDA	151.37	135.58	114.58	81.8	60.31	50.98
EBIT	285.61	308.05	220.07	184.46	28.51	115.12
EBIT Margin	23.38%	26.27%	25.28%	25.54%	6.15%	26.13%
Effective Tax Rate	35.50%	27.58%	18.40%	15.80%	48.05%	38.82%
Revenue as Reported	666.2	1,173	870.38	722.26	463.56	440.52